Reuters: US Dollar Report: Kuwait should take measures to cut spending - c.banker

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Kuwait should take measures to cut spending - c.banker Oct 1st 2012, 11:31 KUWAIT | Mon Oct 1, 2012 7:31am EDT KUWAIT Oct 1 (Reuters) - Kuwait's government should take all necessary measures to cut spending and current monetary policy settings are in line with economic developments, Central Bank Governor Mohammad al-Hashel said on Monday. "We think it (the government spending) is very high and we should take all the necessary actions to reduce the current expenditure and spend more on investment and capital expenditure because this is the way for the future and we have to secure sufficient funds for future generations in order to continue the prosperity of our country," he told reporters. Hashel, who spoke after a meeting of Arab central bank governors in Kuwait, also said he will not hesitate to change policy settings when needed and that the OPEC member's economy could grow 5-6 percent this year.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions